BNBUSD Price Analysis – November 06 The breakup of the $29 resistance level with the daily candle closes above the mentioned level will make the price rally towards the resistance level of $31, which may progress to $33 provided the bulls maintain their pressure. BNB/USD Market Key levels: Supply levels: $29, $31, $33 Demand levels: […]
Price Analysis – November 06 The increase in the bulls’ pressure to break up the two dynamic resistance level will place the price at the $2.7 level, further increase of the bulls’ pressure may allow the price to test the $2.9 and $3.3 resistance level. Failure to break up the dynamic resistance level may lead […]
AUDUSD Price Analysis – November 5 The upbeat market mood further undermined the greenback pushing the AUDUSD to gain traction for the 4th day in a row above the 0.7200 marks. The ongoing steep decline in the US Treasury bond yields continued exerting some pressure on the US dollar and expectation of a Biden win. […]
EURUSD Price Analysis – November 5 The buying bias remains on the EURUSD as it spikes for yet another session lifting the pair to a new weekly high past the 1.1800 level. Amid optimism on the markets, buyers cheer the prospects of a decisive result in the US elections. Key levelsResistance Levels: 1.2011, 1.1917, 1.1808Support […]
XRP/USD Market November 04 The bearish movement will continue as long as the bears increase their pressure, $0.22 level will be tested, penetrated, and reach the support level of $0.21. In case the bulls prevail and penetrate the dynamic resistance level upside, then barriers will be found at $0.25, $0.27, and $0.29 resistance levels. Key […]
GBPJPY Price Analysis – November 4 The GBPJPY is presently attempting the upside hurdle around mid 137.00 marks. The barrier near the 137.84 level, becomes a tough nut to crack for the buyers. Markets ignore the economic cost of the UK’s lockdown amid Brexit optimism. Key LevelsResistance Levels: 144.95, 138.38, 136.62Support Levels: 134.12, 133.04, 131.75GBPJPY […]
EURCAD Price Analysis – November 4 The Eurozone single currency rebounds by 0.50% against the Canadian Dollar since the days start towards 1.5500 marks. The currency pair is looking towards its moving average of 5 on the daily chart. ECB monetary policy decision is a major focus for the Eurozone and may give room for […]
Markets are significantly recovering today after a strong US close the day before. The Canadian dollar has made a reversal, unsupported by oil prices. The Australian dollar is generally up today following the news of the RBA rate cut. However, the downside is relatively limited, save for a few. The dollar became mixed, along with […]
USDCHF Price Analysis – November 3 The US Dollar has plunged by 0.47% against the Swiss Franc since the beginning of the day. Given that a breakout has occurred, sellers are likely to pressure the exchange rate lower while extending the downside bias during the following trading session. The downfall was sponsored by some aggressive […]
